thecryptobasic.com
Crypto protocol Floki is celebrating the attainment of an All-Time High (ATH) in the Total Value Locked (TVL) in FlokiFi Locker.
According to the data shared, the FlokiFi Locker’s TVL surpassed the $100 million benchmark for the first time since its inception and soared as high as $107 million to hit the ATH.
Floki believes this impressive TVL valuation underscores the trust in the Floki Brand that has characterized all of its recently launched products.
FlokiFi Locker: Value Propositions and Embrace
Engaging with crypto can be a daunting task for non-crypto native users. On the other hand, experienced users want access to simplified products, especially when exploring the Decentralized Finance (DeFi) ecosystem.
Floki launched FlokiFi Locker to simplify the process of token storage for all categories of users. While users can lock their Liquidity Pool (LP) tokens on FlokiFi Locker, the protocol also supports the safe storage of Non-Fungible Token (NFT) types of assets.
In its bid to reach more ecosystems and users, the FlokiFi Locker supports a total of 14 chains and per its design, it is tracked by two of the most renowned crypto trackers in the Web3 world, DexTools and GeckoTerminal.
FLOKI is the native utility token of the FlokiFi Locker protocol. It is worth the notion that every successful lock transaction on either Ethereum or BNB Chain buys and burns FLOKI to complement its deflationary push and return value to all holders in the near future.
Steady Win for the Floki Ecosystem
For the better part of the year, Floki has thrived after expanding its influence with the launch of TokenFi, its tokenization platform, and its staking offerings respectively.
Upon launch, TokenFi became an instant sensation, with an embrace as showcased in how it drove new users to the platform’s staking offering. FLOKI has also recorded bullish price movements in the past few weeks, regaining its spot at a time among the 100 most capitalized assets.
As users in the ecosystem await the testnet launch of TokenFi as promised before the end of this year, the current milestone hit by FlokiFi Locker serves as a positive way to end November.